Otherwise you will be restricted to DCSR or hard money loans and have to bring 20-25% down. 

Are there any restrictions, etc.Looking for some general feedback on the area!

You can close on a property and immediately sell it to a 3rd party unless there's a Fannie Mae Resale Restriction on the property.

Has anyone been able to get around the subletting restrictions?

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

There are no public testimonials because I have limitations and restrictions on that sort of thing.

I forget which (Champaign or Urbana), but one is very restrictive on STRs...just make sure you are aware of zoning and restrictions. 

Properties that were undervalued just a few years ago are now turning solid profits for those who can complete timely renovations.Low Inventory: With inventory levels continuing to tighten, the demand for well-renovated homes is higher than ever.

I have a visa and although there are advantages to having my visa for lending and travel, it also allows me the ability to live in the US without restrictions that a Canadian would have without one. 

So the enemy method is the way to get a good idea.Check AirBNB and VRBO and see what similar properties are doing in the area.Also, Louisville recently tightened up the rules around STRs so check with the city and make sure you are good to go for a particular property.